The call ran from 4:01 PM to 5:05 PM IST (1 h 4 min).
Key takeaways
Q2 FY27 yarn improved on pricing and cotton trading gains; fabric declined on weak exports and ~20% input cost inflation. Outlook is hedged and unquantified, hinging on US sentiment recovery.
| Revenue growth | Fabric top and bottom line below prior year and Q1; yarn improved. |
|---|---|
| Margins | Yarn spreads comparable to Q2; fabric input costs up ~20% YoY. |
| Order book | Confirmed orders and healthy pipeline cited, unquantified. |
| Demand visibility | Fabric orders delayed 1-2 months; pipeline 'improving', unquantified. |
| Management confidence | Balanced, leaning optimistic; fabric recovery hinges on US sentiment. |
Growth
Yarn improved on pricing and one-time cotton trading gains, which may not repeat; fabric top and bottom lines fell.
Outlook
Spinning capex unannounced beyond 50 TPD project; MP land delayed 8-9 months; synthetics expected operating positive H2 FY27.
Risks
Cotton now ~₹64-65k/candy (earlier ~₹54-55k); trading gains may not recur; fabric utilisation weak.
Last quarter's promises, checked
Delivered
- Guided cotton not to fall from ~₹55k → ~₹64-65k/candy (= BEAT)
- Guided 2 big-brand approvals, Aug-26 start → sportswear/outdoor clients onboarded (= BEAT)
Partly delivered
- Guided 55-60 TPD open-end in ~10 mths → 50 TPD, operational in 6-7 mths (= PARTIAL)
- Guided synthetics 70-80% util in 6 mths → still loss-making, util undisclosed, target not yet due (= PARTIAL)
Missed
- Guided US orders up in 2-3 mths → delayed 1-2 mths (= MISS)
- Guided MP land by Dec-26 → delayed 8-9 mths (= MISS)
- Guided fabric margins restored → 20% input rise unpassed, pricing power limited (= MISS)
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Vardhman Textiles Q2 FY27 Results: Net Profit ₹358.8 Cr, Up 91.1% YoY
Vardhman Textiles Ltd reported revenue from operations of ₹2,866 Cr (+15.5% YoY) and net profit of ₹358.8 Cr (+91.1% YoY) for Q2 FY27.
- Key figure
- Net profit ₹358.8 Cr · +91.1% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Ongoing ₹3600 Cr capex with new Dhar site operational starting December 2026.
Growth they described
Spinning utilization is full with margins supported by global cotton price stabilization and China demand.
Call details
| Company | Vardhman Textiles Ltd |
|---|---|
| NSE symbol | VTL |
| ISIN | INE825A01020 |
| Call | Q2 FY27 earnings call |
| Date | Friday, 6 November 2026 |
| Time | 4:00 PM IST |
| Length | 1 h 4 min |
| Audio | Our stream on YouTube ↗ |
Vardhman Textiles Ltd: key numbers
- Share price
- ₹510.00
- Market cap
- ₹14,768 Cr
- Revenue (annual)
- ₹9,869 Cr
- Net profit (annual)
- ₹745.2 Cr
- P/E (TTM)
- 17.4×Sector 47.2×
- Promoter holding
- 65.06%-0.02% QoQ
- FII holding
- 6.43%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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